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Strategies & Market Trends : The coming US dollar crisis

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To: Tommaso who wrote (7009)5/7/2008 12:00:35 AM
From: John Vosilla   of 71456
 
'I can remember 4.5% coupon long treasuries selling for about 60% of face value, and that was not even counting in the loss of purchasing power from inflation. The term "guaranteed certificates of confiscation" is no joke.'

They are going to take the same massive hit as a believer in any prior cyclical asset bubble..28 years running this bubble must be the longest on record yet to pop with so little upside here even if they are right and the recent four year reflation trend is just a blip in long term disinflation leading to deflation<g>
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